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InsideEVs
InsideEVs
Technology
Dan Mihalascu

Lucid Confirms Saudi Arabia Plant, Construction To Start In H2 2022

Lucid Group's Q4 and fiscal year 2021 earnings report included official confirmation that the company will build its second vehicle assembly plant in the Kingdom of Saudi Arabia.

Reports linking Lucid Group to Saudi Arabia's Public Investment Fund (PIF) surfaced as early as 2018, with the company confirming an investment of more than $1 billion from the Arab country's sovereign wealth fund. 

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